09 Jul '18, 5pm

London Mayor’s Energy Efficiency Fund Secures Financing from Santander https://t.co/urMLjcktHy

MEEF provides flexible and competitive finance to enable, accelerate or enhance low carbon projects to achieve London’s low carbon strategic ambition of a 60 percent reduction in CO2 emissions by 2025, and builds on the success of the GLA’s London Green Fund. The fund will support energy efficiency initiatives such as battery storage, electric vehicle infrastructure and low carbon data centers in Greater London for local authority, NHS, education, charity and voluntary bodies as well as select SMEs. The fund offers a wide range of funding options, through its consortium of funders on a per project basis. Amber Infrastructure Group, GLA and European Commission along with Santander and other commercial funders will provide equity, subordinated and senior debt. Santander has committed the equal largest senior debt contribution to MEEF and will also support its day to day bank...

Full article: https://www.renewableenergymagazine.com/panorama/london-m...

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